Dogecoin News Today: Dogecoin Plunges 8% as Institutions Offload Meme-Coin Holdings

Dogecoin (DOGE) fell 8% to $0.1697 on Tuesday as large-scale selling by institutional holders and surging trading volume signaled a shift in market dynamics, according to a CoinDesk report. The price drop, which breached key support levels, came amid $440 million in whale-driven token offloads and a 426% spike in daily trading volume to 3.37 billion tokens. The move follows a failed defense of the $0.1787 Fibonacci retracement level, triggering algorithmic liquidation and cascading stop-loss orders that accelerated the decline.

Technical analysts emphasized the significance of the breakdown below $0.18, a critical support zone held since early October. "The structural failure of this level confirms sustained institutional distribution across the meme-coin complex," said one strategist, noting that sellers absorbed every rebound attempt. Intraday data showed the heaviest selling between 03:00–05:00 UTC, with volume peaks exceeding 1 billion tokens. The session closed near the bottom of its range, underscoring persistent bearish control, the CoinDesk report added.

On-chain metrics further reinforced the bearish sentiment. Daily outflows hit $22.27 million, while futures turnover surged 50% to $5.25 billion, despite a 4% decline in open interest—a sign of broad deleveraging rather than new speculative inflows, the CoinDesk piece noted. Momentum indicators, including the RSI, dipped to 34.7, nearing oversold territory that has historically preceded short-term rallies. However, analysts caution that sustained recovery will require a daily close above $0.18–$0.185 to counter bearish momentum.

Amid the volatility, crypto exchanges expanded access to Dogecoin derivatives. Webull Corporation (NASDAQ: BULL) broadened its crypto futures offering to include DOGE and Solana (SOL), enabling U.S. retail investors to trade leveraged derivatives on top 10 cryptocurrencies by market capitalization, according to a CryptoRank report. The move, part of Webull's partnership with Coinbase Derivatives, follows its relaunch of crypto trading for U.S. users in August 2025. Anthony Denier, Webull's CEO, highlighted the platform's mission to democratize derivatives access, stating, "We're equipping investors with tools to navigate the evolving digital asset landscape."

The expansion aligns with broader institutional interest in Dogecoin. Meanwhile, a major corporate development emerged as Brag House Holdings, Inc. (NASDAQ: TBH) announced a merger with House of Doge Inc., the official corporate arm of the Dogecoin Foundation, to create a financial infrastructure company focused on digital payments, asset management, and real-world asset (RWA) tokenization, according to a StockTitan report. The combined entity, led by Marco Margiotta, aims to leverage Dogecoin's $30 billion market capitalization and 6.1 million holders to build institutional-grade infrastructure. Lavell Juan Malloy II, Brag House's CEO, emphasized the "Culture to Capital" strategy, stating, "We're connecting Dogecoin's massive community to a global financial ecosystem."

Despite the merger's bullish implications, short-term traders remain cautious. Analysts note that rallies into the $0.1760–$0.1800 range could face immediate rejection unless broader risk sentiment improves. With whale flows negative and leverage unwinding, near-term volatility remains skewed to the downside until volume contraction confirms capitulation, per CoinDesk.